309 E State Street Mason City, IA ^$ 135,000

309 E State Street

^$ 135,000

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Recently Listed

309 E State Street

Mason City, IA, 50401

^$ 135,000

Bedrooms-- Baths0.0 Sq 3,429

Monthly Estimate*

^$ 932

309 E State Street, Mason City, IA 50401 - Image 1

309 E State Street, Mason City, IA 50401 - Image 2

309 E State Street, Mason City, IA 50401 - Image 3

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309 E State Street, Mason City, IA 50401 - Image 8

Multi-Family Home for sale in Mason City, IA

for $135,000. This 3,429 square foot home was built in 1895 on a lot size of 0.12.

Four units, one address, and a location that puts Mason City's arts and downtown scene close by! Near the MacNider Art Museum, the library, and downtown, this fourplex brings a practical investment opportunity to a setting with plenty to explore. Photos offer a look at one of the four units, where a living room with windows on multiple sides makes a pleasant spot to settle in after a busy day. Whether you're building your portfolio or exploring your first multifamily purchase, put this property on your list. Bring your investment goals, and let's explore the possibilities together!

Multi-Family Active

Price

^$ 135,000

Property Type

Multi-Family

Taxes

^$ 1,284

Style

Lot Size

0.12

Year Built

1895

Town/City

Mason City

County/Region

Cerro Gordo

MLS | Web ID

6343370

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Roof Shingle

Garage Spaces 0

Construction Materials Stone Shakes Vinyl Siding

Year Built 1895

Stories Count 2

Property Subtype Quadruplex

Tax Year 2025

Gross Income 20848

Accessibility None

County Cerro Gordo

Operating Expense 15000

Property Type Residential Income

Contingency None

MaintenanceExpense 700

Subdivision Name PAUL FELTS PLAT

Status Active

Directions E State St & S Georgia Ave

Number Of Units Total 4

Lot Size Units Acres

Lot Size Square Feet 5227.2

Tax Annual Amount 1284

Electric Expense 4500

Fuel Expense 4500

Trash Expense 700

Water Sewer Expense 700

Living Area Units Square Feet

Standard Status Active

Legal Description W 41' E 82.5' L 2 & 3 BLK 100 PAUL FELTS PLAT

Interior

Basement Full Stone/Rock Unfinished

Total Fireplaces 0

Fireplace Y/N N

Total Baths 0

Exterior

Water Source Public

Lot Dimensions 41X132

Lot Size Acres 0.12

* Excluded Features

List By

Jenna Sheriff

Listing Agent

Jane Fischer & Associates Llc

Broker

jenna.sheriff5@gmail.com

Affordability Calculator

$1,039

Per Month

Monthly Principal & Interest: $932
Monthly Property Taxes: $107
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Mason City, IA

Average List Price ^$148,488

Percent of Sale Price 10%

About Mason City, IA

29,327 Population

-6% Since 2002

^$45,942 Median Income

41.79 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2872932 Elementary School

2872966 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/5/2026	$135,000		Listed Price

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309 E State Street, Mason City, IA, 50401 is a Multi-Family Home for sale at $135,000 with 3,429 sqft and a lot size of 0.12. 309 E State Street has 0.0 baths and was built in 1895. The property's zip code is 50401 which is in Mason City, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Association of REALTORS service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Data is updated as of 10/13/2026.

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309 E State Street

Multi-Family Home for sale in Mason City, IA

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